LatAm Daily | Additional withdraw of Brazil’s investment grade, now by Fitch

Summary

Three months after the downgrade of S&P, Fitch has withdrawn Brazil’s investment grade, albeit somewhat sooner than expected. Moody’s is likely to do the same in the next few months. In Colombia GDP growth in 3Q15 was mainly driven by private consumption. Today, MP meetings will take place in Chile and Mexico, where we expect a pause and a 25bp hike respectively.

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